Aston Martin F1 Owner Sells Stake at £1 Billion Valuation (3)

With Formula 1 preparing for the Las Vegas Grand Prix, Canadian billionaire Lawrence Stroll has sold a minority stake in the Aston Martin team to US private equity firm Arctos Partners.

The investment by Arctos, which has a stake in the Boston Red Sox and Liverpool Football Club owner Fenway Sports Group, values the F1 team at about £1 billion ($1.2 billion), according to a person familiar with the deal.

It is the first time Stroll has sold shares in the F1 team, which his son Lance drives for. He is also the largest shareholder in Aston Martin ...